XML (Extensible Mark-up Language) is the lingua franca for the exchange of information in the banking industry, but many institutions are struggling to use it effectively. Failure to correctly translate RAW trading message data into XML-related languages could cause banks to miss regulatory deadlines and incur large fines. Brickendon were engaged to develop a system […]
A large international bank was struggling with the reconciliation between assumed and the actual settlement of trades, which was costing them large amounts of money and considerable man hours. Brickendon were engaged to assess the existing situation, devise a programme to remove operational risk from the current process and to provide a strategic solution going […]
A major US Custodian bank was undertaking a full front-to-back build out of an entirely new equity derivative product, which needed to be integrated into the organisation’s existing infrastructure. The product required an operating model to be defined for multiple areas of the bank across several workstreams. Brickendon was brought in to assess the existing […]
The client needed an experienced programme manager with strong soft skills to help reorganise and reinvigorate a team seeking to recover from recent issues and deliver large-scale reference data change. The Challenges A need to have change accepted within the broader group of stakeholders A team structure was required to scale to meet the demands […]
A large UK bank required a solution to advise OTC derivative traders if they could trade a derivative with a counterparty The Challenges The user interface must be quick and easy-to-use in a busy trading environment Advice should be clear and specific. Can I Trade? How Do I Trade? The solution should be multi-asset, supporting […]
A major Swiss bank had created new sources of reference data to meet regulatory requirements, reduce Total Cost of Ownership (TCO) and realise bank-wide benefits. The foundational components were laid through the consistent definition of clients, sales contacts, settlement instructions, instruments, books and contractual agreements. In order to achieve the benefits of mastering this data, […]
None of us are strangers to change. So why is it that the financial services industry has such difficulty in implementing effective and lasting change? Of course it’s a highly complex landscape with multiple competing priorities, but it’s also an environment that contains some of the brightest and most driven people you’re ever likely to […]
Brickendon was engaged to assist in the building of a post-trade portal to be used by external clients of a top tier investment bank. The portal needed to allow various cross-asset trades, submitted to the Depository Trust & Clearing Corporation (DTCC) by the bank on their clients’ behalf, to be updated and resubmitted as necessary. […]
A large client was changing the way it managed its projects and wanted to establish a performance management framework to track and monitor success. It called on Brickendon to analyse the different stages of multiple ongoing projects and holistically evaluate the overall project management process. The aim was to highlight key problem areas and design […]
A prominent European bank with global interests and a large presence in emerging markets needed to urgently assess the impact of regulatory reform, and in particular clearing, on its OTC FX business. Brickendon was engaged to make a business case supporting a recommended strategy. The Challenges Formulate a strategy to meet the client’s anticipated regulatory […]